2007 Session

Budget Amendments - SB750 (Member Request)

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Chief Patron: Reynolds
Industrial Access Road (language only)

Item 446 #1s

Item 446 #1s

Transportation, Department of

Page 472, line 21, strike "B." and insert "B.1.".
Page 472, after line 29, insert:
"2.  Out of the amounts for this item, $199,861 the second year is hereby appropriated to reimburse Floyd County for the construction of an industrial access road.)

(This amendment reimburses Floyd County $199,861 the second year from Commonwealth Transportation Funds for an industrial access road constructed by the County. The County did not meet the prior Economic Development Fund Policy to secure a tenant for the industrial park within the prescribed time period. However, under the new policy in effect, the County would be allowed a partial reimbursement because the economic development project qualified within two years after the qualifying period.)